USAILChicago506-1631 Michigan Ave
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$369,900

For Sale

2 months ago

506 - 1631 Michigan Ave, Chicago, IL

Condo

MLS® 12739490

2 Bed

2 Bath

1350 sqft

1 Parking

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Condominium
Levels Residential
Size 1350 sqft
Garage Yes
HOA Fees $829
Taxes $8,313
Days Active 23
Approx. Age 1920
Avg. Price Per Sqft $274
MLS® Number 12739490

Property Address: 506-1631 Michigan Ave, Chicago, IL, 60616-1256

Average square foot calculated using Size range provided by listing agent.

Description

Set within the historic Tandem Lofts, a distinctive warehouse conversion completed in 2000, this 2-bedroom, 2-bath unit enjoys the best of both worlds: authentic loft character in a building thoughtfully redeveloped with the addition of three upper floors, creating a unique blend of vintage industrial architecture and contemporary living. Soaring 10-foot ceilings and dramatic floor-to-ceiling windows fill the home with natural light while framing partial lake and city views throughout the day. The open-concept living and dining space is ideal for both everyday living and entertaining, anchored by a gas fireplace and direct access to a private balcony perfect for morning coffee or evening sunsets. The spacious kitchen features warm wood cabinetry, granite countertops, stainless steel appliances, and abundant prep and storage space. The generous primary suite offers excellent natural light, a large walk-in closet, and an en suite bath designed for comfort and convenience, while the second bedroom functions beautifully as a guest room, home office, or creative space with oversized windows of its own. Additional highlights include in-unit laundry, a large coat closet/storage room ideal for bikes and seasonal items, plus an additional dedicated storage space in the building. Heated garage parking is available. Set within a boutique brick-and-timber elevator building with classic loft details and an elegant, modern lobby, this home places you moments from some of the South Loop's most beloved destinations including Museum Campus, Burnham Harbor, Soldier Field, the lakefront trail, neighborhood coffee shops, restaurants, parks, grocery stores, and public transportation. Currently the largest two-bedroom condo on the market in the South Loop priced under $400, 000, this is a rare opportunity to enjoy true loft living with exceptional space, warmth, convenience, and vibrant city energy all in one exceptional home.
MLS® Number12739490
Locker
Ensuite LaundryYes
Balcony
Furnished
Laundry LevelEnsuite
Exposure
Exterior
GarageYes
Approx. Age1920
Stories6
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatNatural Gas, Forced Air, Radiant, Indv Controls
A/CCentral Air

Extras

Rooms

Change to metres

Kitchen:Main Floor7 × 13 ft
Bonus Room:Main Floor8 × 5 ft
Dining Room:Main Floor6 × 10 ft
Laundry:Main Floor4 × 4 ft
Other:Main Floor5 × 10 ft
Bedroom 2:Main Floor10 × 12 ft
Other:Main Floor4 × 8 ft
Living Room:Main Floor13 × 17 ft
Master Bedroom:Main Floor13 × 16 ft

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 5, 2026List Date
$369,900List Price
-End Date
Not Sold YetSold Price

For Sale

Aug 21, 2026List Date
$369,900List Price
-End Date
Not Sold YetSold Price

For Sale

Jun 19, 2026List Date
$399,900List Price

Home Appraisal

This property is estimated to sell between: $369,000 and $572,000.
Similar properties in this area sold on average for: $504,552
Expect to pay over asking. 67% of similar properties sold for more than the asking price.
Expected to sell in 9 days. Similar properties sold in 32 days. This home has been on eXp Realty for 23 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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1631 Michigan Ave, Chicago, IL

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